The Hartford Correlations

Mutual Funds . USA . 
Fund . The Hartford Short
HSDCX Fund  USD 9.82  0.01  0.10%   
The current 90-days correlation between Hartford Short and The Hartford Growth is 0.03 (i.e., Significant diversification). The correlation of The Hartford is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

The Hartford Correlation With Market

Significant diversification

The correlation between The Hartford Short and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Short and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Hartford Short. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with The Mutual Fund

  0.94HGOFX Hartford GrowthPairCorr
  0.94HGOIX Hartford GrowthPairCorr
  0.94HGORX Hartford GrowthPairCorr
  0.94HGOSX Hartford GrowthPairCorr
  0.94HGOTX Hartford Growth OppoPairCorr
  0.94HGOVX Hartford GrowthPairCorr
  0.94HGOYX Hartford GrowthPairCorr
  0.94HGOAX Hartford GrowthPairCorr
  0.94HGOCX Hartford GrowthPairCorr
  0.88HGXAX Hartford Global ImpactPairCorr
  0.88HGXCX Hartford Global ImpactPairCorr
  0.89HGXFX Hartford Global ImpactPairCorr
  0.89HGXIX Hartford Global ImpactPairCorr
  0.88HGXRX Hartford Global ImpactPairCorr
  0.88HGXSX Hartford Global ImpactPairCorr
  0.88HGXTX Hartford Global ImpactPairCorr
  0.89HGXVX Hartford Global ImpactPairCorr
  0.89HGXYX Hartford Global ImpactPairCorr
  0.93HHHCX Hartford SchrodersPairCorr
  0.93HHHFX Hartford SchrodersPairCorr
  0.93HHHRX Hartford SchrodersPairCorr
  0.93HHHSX Hartford SchrodersPairCorr
  0.93HHHTX Hartford SchrodersPairCorr
  0.93HHHYX Hartford SchrodersPairCorr
  0.92HHMAX The Hartford MunicipalPairCorr
  0.89HHMCX The Hartford MunicipalPairCorr
  0.93HHMFX The Hartford MunicipalPairCorr
  0.93HHMIX The Hartford MunicipalPairCorr
  0.94HHMYX The Hartford MunicipalPairCorr
  0.85HIABX Hartford Total ReturnPairCorr
  0.94HIACX Hartford Capital AppPairCorr
  0.94HIADX Hartford Dividend AndPairCorr
  0.87HIBSX Hartford Stock HlsPairCorr
  0.94HIAGX Hartford DisciplinedPairCorr
  0.92HIAOX Hartford InternationalPairCorr
  0.92HIASX Hartford Small PanyPairCorr
  0.94HIBCX Hartford Capital AppPairCorr
  0.88HIMCX Hartford Midcap HlsPairCorr
  0.95HILAX Hartford InternationalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Hartford Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze The Hartford's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
HGOFX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.46 
(1.43)
 5.44 
HGOIX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.45 
(1.42)
 5.45 
HGORX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.45 
(1.43)
 5.43 
HGOSX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.45 
(1.43)
 5.43 
HGOTX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.46 
(1.44)
 5.43 
HGOVX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.46 
(1.44)
 5.44 
HGOYX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.45 
(1.42)
 5.42 
HGOAX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.45 
(1.43)
 5.43 
HGOCX  0.82  0.20  0.19  0.34  0.64 
(0.96)
 2.44 
(1.43)
 5.43 
HGXAX  0.59  0.09  0.06  0.26  0.46 
(0.71)
 1.60 
(1.01)
 3.87 

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